Zip Bull Flags Tight Control of U.S. Credit Quality
Dow Jones
Aug 21
0115 GMT - Zip's bull at Macquarie flags tight control of U.S. credit quality as a highlight of the Australian payment provider's annual result. A note from one of the investment bank's analysts highlights Zip's achievement in keeping U.S. net bad debts within its target range while still maintaining revenue growth and margin expansion. This target is being maintained going forward even with FY 2027 U.S. volume guidance head of where the market had anticipated, the note adds. Macquarie keeps an outperform rating on the stock and raises its target price 2.9% to 3.50 Australian dollars. Shares are down 11% at A$2.72.
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